TizTrader

NASDAQ: Additional update

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
A few more words about the Nasdaq: Since August 19th - September 6th you can see a very nice 5 wavy impulse. From the low to the high, there is still potential for correction if you just look at this single wave movement. Gladly the Fibo range between 50 and 61.8%. In other words: 15,000 can easily be reached. That would then also correlate with my superordinate wave count. If the market does not hold at 15,000, we quickly head for 14.6xx. But there is always the condition theory: If that, then that;) If the 15.306 is not undercut on a daily basis, nothing happens at first. If this level breaks, however, this leads to (probably) more pressure to sell. So everything is causally related. That's why you have to look at each step individually.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.